Lotto Betting In 2024 – All You Need To Know

In lottery betting, punters place a bet on the results of official lottery draws through a betting operator. Leaving no stone unturned, we have pulled together everything there is to know about global lottos, the advantages of lotto betting, wꦚhere and how it all started and why you might consider it the right move.

Best Betting Sites for Lotto Betting in 2024

How To Bet on Lotto

As we mentioned above, bett꧃inꦫg on Lotto is slightly different than playing the lotto. The main difference is that here, you bet on up to five numbers to be drawn, for a multiple of your bet.

Follow These Steps To Bet on the Lotto:

Playing the Lottery vs Betting on the Lottery

While there is only a fine line between playing the lottery and placing a bet on the lottery, the distinction is real and must be understood for either to be fully appreciated. Below, we explain the key differences so you can decide which is the🉐 best option for you.

Playing the Lotto

When you play the lotto, you are tasked with actually picking the numbers for the lottery that you hope will make an appearance. To do this, you will need to physical⛦ly buy a lottery ticket, either online or at a licensed merchant, which in many countries can even be small traders and supermarkets. Winners of the National Lottery will usually have their prize paid for by the official lottery operator and lines (one play) costs vary from nation to nation, as do the amount of winning numbers needed as well as the size of the payout.

Betting on the Lotto

The difference, then, is that with lotto betting you are betting on the outcome of a lottery draw. When you bet on the lotto, you are able to bet on the final result of the draw for the same price and with similar prizes to be won. However, you have not paid into the prize pot with a bet as you would have done when you play the lotto, so any prize money you get back is paid out by the bookmaker who accepted your bet as opposed to the official lottery operator.

Because of the potential high payout and the little stake involved, bookmakers, you might well be thinking, have left themselves vulnerable to huge losses. That is why most top betting sites UK employ an insurance model, which means that each lotto be൩t that they accept is insured to offset the risk. Betting on lottos through betting sites also opens up many, many more opportunities, as you can get involved with lots of international draws for nations 💫that you are not citizens of as well as play in games that run at regular intervals during the day.

Popular Lotto Betting Markets

The majority of online betting sites will offer fixed odds for different types of lotto bets, so you have plenty of choice on what to bet🤪 on and your choices are not reduced to simply buying a line as you would do when buying a lotto ticket. We have outlined some of these below.

Straight

With a straight bet, you will bet on one number to make an appearance at whatever fixed odds your bookmaker is offering. Some bookies will also let you pick two or 🐻three balls which pay at a far high✤er rate than the getting three balls with a lottery ticket.

Combination

With a combination bet, bettors pick how many numbers from 1 through 14 that they can then add into accumulator bets such as singles, doubles, trebles, 4-folds or 5-folds.

Bonus Ball Number

Most lottos include a bonus ball that is drawn after the all the main balls are out, and happily bettors can wager on the number of the bonus ball and even its colour.

1st Number Drawn

Here you are betting on what the number of the first ball out will be. You only need to get one ball correct, bu🔴t it must be the first one out in order for you to win this bet.

Total Value

This is a tough bet to win, but it is a lot of fun and a rewarding experience should you get it correct. What you need to do here is select the sum total of the balls within a range of values.

First Drawn Odd/Even

Will the first ball to be drawn be an odd number or an even one? It has to be one of the two, and so this bet has a 50/50 chance of success 🌊or failure.

Hi/Lo

In the Irish Lotto, players are able to bet on whether each number will be higher or lower than 23.

Highest, lowest ball

Here you are able to bet on the highest ball drawn, or the lowest. You don’t need to hit the jackpot, but as long as you have selected the lowest🍷❀ or highest number value to be drawn, you’ve won a fixed odds bet.

Online Lotto Betting Tips

While there is no guaranteed way to scoop the life-changing lotto win, there are a few steps you can take to enhance your chances of a decent payday. One way would be to bet on lottos from overseas, where the odds of getting just a few numbers correct pays at a better rate than the flat and fixed prize structure offered when you play the lotto instead🍎. Otherwise, you can reduce your outlay by pooling up with others to share the costs of regular play. These are both ways to make that payday all the more possible.

Try The Irish Lotto

The Irish Lotto is the National Lottery in Ireland, but bookmakers in the United Kingdom have been taking Irish Lotto bets for years, even predating the age of the internet. This Irish option was started out as a scratch card game that launched in 1987 before evolving into a lucky number’s lottery draw. Since then, it has been running twice weekly, on Wednesdays and Saturdays under the commission of the Irish government.

In the United Kingdom, it has become the most popular lotto to bet on and the most wagered on draws outside of their own National Lottery game. Lots of players have become millionaires by playing, and winning, the Irish Lotto, while the draw itself has raised millions for charities and good causes in Ireland such as health, welfare and the environment. The draw is held twice weekly, each with a starting jackpot of €2 million which regularly rolls over and creates big prize pools of as much as €10 million. To play, you must select two lines per ticket from the numbers 1 through 47. That’s 12 numbers less than the !

Syndicate Lotto Betting

With a lotto syndicate, the idea is to form a group of people, be they friends, family, work mates or whatever, and pool your resources together in order to distribute the costs of buying a certain number of tickets. Of course, this is all based on the contracted principle that, just as costs are equally shared, so too are any and all winnings. This h꧑as become a hugely popular option for many while also providing a sense of belonging and community for some, making it (almost) literally a win. For those that appreciate statistics, figures released by the UK's National Lottery suggest that as many as one in five prizes are won by syndicates.

How Lotto Jackpots Are Calculated

There are various jackpots, each of which is calculated in its own, unique way. Of course, this has little to do with lottery betting, as this type of betting refers to be💯tting on lottery numbers at betting sites.

Here is how some of the most popular jackpots in the UK and Ireland are calculated.

Irish Lottery

Daily Millions

49s

Lotto Betting Apps

Here is a brief review of some of the best sites that offer ﷽an app for betting on the Lotto.

Betfred Lotto App

The Betfred Lot🐬to app offers some of the most expansive international lottery betting options. In fact, this is one of the only sites with a separate, dedicated lo🧜tto betting app! You can bet on Irish, 49s, Daily Million, New York, and many more international lotteries, with a minimum stake of 1p – 50p.

You will also find an excellent selection of🐷 scratch cards and more. In fact, Betfred Won the ꧙EGR Lotto Operator of The Year in 2021!

Besides Betfred’s welcome offers for casino and sports, they offer specific bonuses for lotto betting:

Paddy Power Lotto App

Paddy Power also offers lotto betting, along with their other products, such as sports and casino. Here you can bet by choosing up to 5 numbers for any draw in ⛄Irish Lotto, Daily Millions, UK 49s, New York Lotto and Spanish Primitiva. They also display the resuꦡlts for most of the popular draws.

On their sports app, you can bet on virtually any sport and 5 different lotteries, w♎hile on their casino app you can play slots, live casino and more.

Paddy Power also have great welcome promos for sports and casino:

Ladbrokes Lotto App

Ladbrokes offers UK and Ireland centered lott𝓀o betting offer, with 49s, Irish and Daily Millions. Guess five numbeꦓrs right for a payout of up to 150,000/1! Their lottery betting section is part of their sports betting section, and is available on their sports betting app.

Ladbrokes also offers an excellent set of sports betting offers, as well as a casino, 🐻scratch cards, poker, live casino and more.

New players to Ladbrokes need to bet £5 in order to get £20 bonus. And there are p🌼lenty of other promไos you can enjoy!

Lotto Betting Odds – What Are the Probabilities of Winning?

In a lottery where you select or lucky dip the six numbers you want to see drawn from a possible 59 alternatives, your odds of this coming true are 13,983,816/1, which means you have a one in 14 million chance of banking that all-important life changing sum. Because many people want to make a bit of money betting online and know full well when the purchase a ticket into a lottery that it will, in all likelihood, ultimately be a loser, betting on lottos, where high payouts are possible on a small number of balls being selected, is growing more and more popular by the day.

Different Lottos Around the World

Charity Lottos

Lotteries and charities are intrinsically linked together and have been for centuries. In fact, lotteries began life as a fund building measure in Holland back in the 17th century. Fast forward to today and things are very much the same except that, instead of raising cash for the poor and unfortunate, these days the United Kingdom’s National Lottery raises funds for sports, the arts and entertainment among other things. Even the People's Postcode Lottery aims to give at least 31% of its income to charity. Then there is the Health Lottery which benefits 12 local society lotteries that generate much needed funds for numerous local authority health services across Great Britain. , , and the are o🅷ther charities that crowdsource funds by utilising the power of the online lotteries to🎉o.

Free to Play Lottos

Today, there are plenty of options to play what are known as free lotteries. It should go without saying that, due to the design of a lottery being funded by buy-ins, the prizes are massively reduced in a free lotto. In the UK, one such example is the People's Postcode Lottery, seen , where prizes roll over if they haven’t been claimed by the end of the day. The top prize is £300 per day, but the cost is free and all players are required to do is register an account, enter their post code and email address. Similarly, there is a Doblotto where the DOB stands for date of birth and where, once registered, players can win a £50 prize given out if your day, month and year of birth are drawn by the computer.

UK National Lotto

In 1994, John Major, then Prime Minister of Great Britain, launched the first state-franchised lottery in the country’s history. Then, as now, the draw is privately run by the Camelot Group. Unbelievably, the first ever draw saw seven different people correctly picking the winning numbers, scooping a share of almost £6 million. In 2002, it was rebranded as The Lotto and is still known this way today. Originally, the tickets for the draw were priced at £1 a line, but this has since doubled while the amount of numbered balls in the draw, originally 49, has , making it much harder to win the jackpot.

Other Popular Lottos

There is no shortage to the different types of lotteries that punters can wager on, with Irish Daily Millions Lotto being very popular. Betfred is a particular good bookie for betting on lottos with the Betfred 49s, Betfred Spanish Lotto and the new Betfred Nifty Fifty all being fan favourites. Ladbrokes is also a top provider of a wider range of lottos with the Ladbrokes 49s surpassing all of its rivals.

Kenos

While the word Keno is derived from French and Latin Quine or Quini, the game actually originated in China before expanding far and wide. These games have become extremely popular as some of them run every five minutes, providing users with the chance to win big all day long, every day.

German Keno

German Keno is one popular form of the game in which the player selects 10 numbers from 1 to 70. Once you are all set with your numbers, the lottery will begin to draw its 20 balls. One interesting fact worth noting about the German Keno draw is that 29% of the winning numbers drawn also appeared in the previous draw. Make of that what you will.

KeNow

KeNow takes place every 4 minutes each and every day of the week. With this speedy repeater, you don’t even need to match any numbers. KeNow plays like other Keno lotto games, meaning you select the numbers that you hope will be drawn and the more that you get right, the bigger your prize will be. While most Kenos go off every 5 minutes and play with as many as 80 balls, KeNow blasts off every 4 mins and with 70 in play. Players playing along can choose between one and ten to draw.

Kino Greece

Kino (as it is referred to in Greek) is another uber-popular draw, mainly due to the frequency of matches. It is also popular, however, due to its great value odds. Kino is one of the most popular choices for players who are searching for a regular repeating game filled with fast-paced and uncomplicated action. This Greek version of keno can be played any day of the week between 09:00 in the morning and 23:55 in the evening.

Where To Find Lotto Results

ThePuntersPage Final Say

Lottery betting is a fantastic idea, designed to let customers get the chance to win millions of pounds online by betting on the outcome of lotteries. This works despite the fact that these lotteries are national draws from foreign countries, which means that non-citizens can't buy actual tickets for them. There are many factors to pay attention to when you are choosing whether or not to bet on the lotteries, let alone choosing the right draw for you. However, some online betting operators will now take bets on the outcome and offer far higher odds for getting a few balls right rather than only aiming for the lottery's jackpot. This is because players are not entering the draw but instead, they are betting on the outcome of the draw and, in doing so, have opened up a whole new world of wagering opportunities.